| Metric | Q1 2026 | Q4 2025 | Q1 2025 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $1.4B | $1.4B | $1.1B | 5.6% | 33.1% |
| Op. Income | $191M | $118M | $82M | 61.4% | 132.6% |
| Gross Margin | 43.5% | 42.2% | 41.1% | 1.3pp | 2.4pp |
| Net Margin | 10.5% | 1.4% | 4.2% | 9.1pp | 6.4pp |
| EPS (Diluted) | $1.03 | $0.13 | $0.31 | 692.3% | 232.3% |
| Free Cash Flow | $154M | $230M | $77M | -33.2% | 100.1% |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $806M |
| GROSS PROFIT | $621M |
| R&D Expenses | $221M |
| Selling & Marketing | $149M |
| General & Administrative | $59M |
| SG&A Expenses | $208M |
| Other Expenses | $0 |
| Operating Expenses | $430M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $191M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $44M |
| EBIT | $191M |
| EBITDA | $235M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $1.4B |
| Cost of Revenue | $806M |
| GROSS PROFIT | $621M |
| R&D Expenses | $221M |
| Selling & Marketing | $149M |
| General & Administrative | $59M |
| SG&A Expenses | $208M |
| Other Expenses | $0 |
| Operating Expenses | $430M |
| Cost & Expenses | $1.2B |
| OPERATING INCOME | $191M |
| Interest Income | $0 |
| Interest Expense | $21M |
| Other Income/Expenses | -$10M |
| INCOME BEFORE TAX | $181M |
| Income Tax Expense | $31M |
| Net Income from Continuing Ops | $150M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $150M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $150M |
| D&A | $44M |
| EBIT | $191M |
| EBITDA | $235M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $150M |
| Depreciation & Amortization | $44M |
| Stock-Based Compensation | $50M |
| Deferred Income Tax | -$7M |
| Other Non-Cash Items | $28M |
| Change in Working Capital | -$38M |
| OPERATING CASH FLOW | $228M |
| Capital Expenditure | -$74M |
| Acquisitions (Net) | $0 |
| Purchases of Investments | -$40M |
| Sales/Maturities of Investments | $69M |
| Other Investing Activities | $1M |
| NET CASH FROM INVESTING | -$44M |
| Net Debt Issuance | -$1M |
| Common Stock Repurchased | -$81M |
| Common Dividends Paid | $0 |
| Other Financing Activities | -$90M |
| NET CASH FROM FINANCING | -$155M |
| FREE CASH FLOW | $154M |
| Net Change in Cash | $31M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.1B |
| Short-Term Investments | $176M |
| Net Receivables | $1.1B |
| Inventory | $846M |
| Other Current Assets | $282M |
| TOTAL CURRENT ASSETS | $3.5B |
| PP&E (Net) | $40M |
| Goodwill | $522M |
| Intangible Assets | $213M |
| Long-Term Investments | $70M |
| Tax Assets | $878M |
| Other Non-Current Assets | $629M |
| TOTAL NON-CURRENT ASSETS | $2.4B |
| TOTAL ASSETS | $5.9B |
| Account Payables | $547M |
| Short-Term Debt | $30M |
| Deferred Revenue | $290M |
| Other Current Liabilities | $382M |
| TOTAL CURRENT LIABILITIES | $1.3B |
| Long-Term Debt | $1.5B |
| Deferred Revenue NC | $100M |
| Deferred Tax Liabilities | $0 |
| Other Non-Current Liabilities | $182M |
| TOTAL NON-CURRENT LIABILITIES | $1.8B |
| TOTAL LIABILITIES | $3.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $5.8B |
| Retained Earnings | -$3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$39M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $2.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $2.8B |
| TOTAL LIABILITIES & EQUITY | $5.9B |
| Total Debt | $1.6B |
| Net Debt | $465M |
